PEK was around the 8 cent mark 4 or 5 years ago when they first took on the Tanzanian gold and Phosphate tenements with a sniff of two parts of naff all. Now they have proven up a huge and very viable REE resource with the PFS due in the next 3-4 months. Every thing, as per ASX announcements has been taken care of with the exception of funding or a funding provider/partner or joint venture.
One should be excused for thinking that PEK at 8.7 cents per share is a stark raving buy after absorbing all the data that has been produced to date. During this period of proving up a huge open cut resource the shares on issue have roughly doubled to 275 million in order to fund operations to date.
At around the 8 cent mark I will consider buying another substantial parcel if others are happy to sell.
DYOR
getting ready for a shake up., page-39
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $33.70M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $9.808K | 85.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 591000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 199931 | 2 |
View Market Depth
| Last trade - 12.07pm 19/11/2024 (20 minute delay) ? |
| PEK (ASX) Chart |